Facilities for Haj Pilgrimage The number of pilgrims who proceeded for Haj during the last three years are as follows: Year Number of Pilgrims proceeded for Haj 2013 135,938 2014 135,914 2015 135,868 The expenditure towards Haj is borne by the pilgrims themselves. No financial assistance is given directly to Haj pilgrims. However, Ministry of… Read More »
Government Owned Hotels and Yatri Niwas India Tourism Development Corporation Ltd. (ITDC) under the administrative control of Ministry of Tourism, Government of India runs 15 hotels in the country. The details of the hotels are given below. ITDC has been in profit for the last three years. The details are as under: (Rs. in… Read More »
Bed and Breakfast Scheme The Scheme for Approval and Registration of Incredible India Bed and Breakfast/Homestay Establishments of the Ministry of Tourism is voluntary in nature. The main objective of the scheme is to provide a clean and affordable place for foreigners and domestic tourists alike including an opportunity for foreign tourists to stay with… Read More »
Held Duty drawback receipt/DEPB benefits do not form part of the net profits of eligible industrial undertaking for the purposes of section 80-I/80-IA/80-IB of the 1961 Act. SUPREME COURT OF INDIA Liberty India v. Commissioner of Income-tax* S.H. KAPADIA AFTAB ALAM, JJ. CIVIL APPEAL NO. 5891 OF 2009 AND OTHERS AUGUST 31, 2009 JUDGMENT S.H.… Read More »
Q Can a Private Limited Company accept loan from a Partnership firm. The partners are no way related to the Private Limited Company ?. According to Section 73 of the Companies Act 2013 read with Companies (Acceptance of deposits) Rules 2014 and amendments made thereto, a private company cannot accept loan from a partnership firm.
CAG has releases it Report No. 1 of 2016 (Indirect Taxes – Service Tax) for the Financial Year 2014-15 on compliance audit of the Central Board of Excise and Customs under Department of Revenue – Indirect Taxes (Service Tax) of the Union Government. The Service Tax collection was Rs 1, 67,969 crore during financial year 2014-15 (FY15)… Read More »
Report of the Comptroller and Auditor General of India Union Government Department of Revenue (Indirect taxes – Central Excise) Report No. 2 of 2016 This Report for the year ended March 2015 has been prepared for submission to the President of India under Article 151 of the Constitution of India. The Report contains significant results… Read More »
Comptroller and Auditor General of India has released Report No. 5 of 2016 – Compliance Audit on Customs Department of Revenue Union Government. This Report for the year ended March 2015 has been prepared for submission to the President of India under the Article 151 of the Constitution of India. The Report contains significant results of… Read More »
Circular- 10/2016-Customs F.No.450/147/2015-Cus-IV Government of India Ministry of Finance Department of Revenue (Central Board of Excise and Customs) Dated: the 15th March, 2016 To, All Chief Commissioners of Customs / Customs (Preventive), All Chief Commissioners of Customs and Central Excise, All Commissioners of Customs / Customs (Preventive), All Commissioners of Customs and Central Excise. … Read More »
Highlights The Comptroller and Auditor General of India conducts the audit of Receipts from Direct Taxes of the Union Government under section 16 of the Comptroller Auditor General of India (Duties, Powers and Conditions of Service) Act, 1971. This Report discusses direct taxes administration, audit mandate and findings of compliance audit including transfer pricing and… Read More »